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Wednesday, 12 September 2012

Small businesses 'have created the majority of British jobs post-recession'

Putting the benefits of small businesses into the spotlight could be key to tackling unemployment across the UK.

This is after a new study carried out by the Federation of Small Businesses (FSB) found how vital small and medium enterprises are for accelerating economic recovery.

According to the research, 88 per cent of those made unemployed end up finding new jobs either by starting up or working for a small business in the private sector.

The FSB stated that its study, which involved the analysis of data since the UK dipped into recession in 2008, goes to show that "small firms are responsible for creating the majority of jobs".

John Walker, the national chairman of the FSB, added: "Giving people the ability to start their own business and small firms the incentive to take on staff through extending the National Insurance Contributions holiday will help to boost economic confidence and growth, which is vital."

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